Personal Loan in India – Virtual Case Study of A Millennial Couple

Thanks to social media, our lives are so much more virtual than we actually want it to be. Its so cool that one can track (or stalk) a married couple’s journey easily by following either partner’s Instagram handle.

First we can trace when the couple must have met by looking at #FirstDate. Then comes the #FirstLunch, #FirstDinner and #FirstMovieTogether. Scrolling upwards we witness #Engaged, #CivilCeremony & #FinallyHitched. But do we actually see any of these couples share their struggle with finances? The trip to Maldives, First Year Anniversary Gold set and all that is great for the two. But, what about the credit card bill statement default? What about the times when the husband’s EMI repayment defaulted or if they genuinely struggled to repay off their wedding expenses?
Social media may not show you the tough times that a millennial couple goes through, but we thought of a scenario where a couple can learn from their mistakes in 2018 and start 2019 with a resolute bang.

Financial Planning

The year 2018 taught us a lot on the investments front. From the ‘mutual funds sahi hain’ ad campaign to the growth of SIP (Systematic Investment Plan). PPF also outperformed stock market, and so on. With so much volatility witnessed in the past year, is it safe to continue investing in shares or mutual funds? Can’t a salaried professional be financially stable without venturing into investments? Can’t he or she continue working and also have enough to comfortably travel the world or renovate one’s home?

Let’s face it, the real reason why fat returns are received via MIS, PPFs, FDs or Post Office Deposits are due to RBI keeping policy rates high with anticipation of inflation. Either inflation or interest rate drop can reduce returns. Also, unless a bear market, prices tend to bounce back once the market sees value once again within the lower stock prices. Nobody can predict the returns across all asset classes to 100% accuracy. Therefore, work hard and ensure you are capable of clearing your credit obligations before inviting stress and a credit score hit.

Millennial Couple Goals

For argument sake we consider a fictitious story about a couple who are both earning well and are married. Together they wish to secure their immediate future by being prompt in their credit repayments.

The husband works as a Chartered Accountant at a private firm, whereas the wife works as a backend developer at an IT company. The husband might have minimal needs, so being able to save and manage finances comes naturally to him. The wife on the other hand wants to travel to newer places, taste exotic cuisines and make new friends.

As years go by, the couple know that there will be challenges ahead. The birth of a child, followed by the child’s educations and other financial challenges will require a different plan of action when confronting these. Parental support plays a big role when raising kids in suburban India. It gets hard for a nuclear family, with both parents working to delegate adequate time to their wards. For this reason, grandparents play a big part in raising children in urban India.

For this couple too, a fresh challenge beckons – the birth of their first child. With this comes the medical expenses related to delivery, hospital stay, celebration and purchasing of some gold. With no investments done, the couple can land in a fix when trying to gather funds to spend over this auspicious occasion. The couple instead focus on applying for a personal loan online.

Personal Loan Benefits in India

Loan Singh’s hassle-free process and quick approval personal loans are perfect for salaried individuals like you who are too busy to even get a rest. The attractive EMIs and interest rates at Loan Singh, make personal loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances. Your dreams are our dreams. We help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.

Loan Singh’s emi calculator will help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. A personal loan can be availed between Rs. 50,000 and Rs. 10 Lakhs.

Another huge benefit you have with a Loan Singh online personal loan is that you have the freedom to choose where you want to spend your loan amount on. You can apply for a shopping loan and utilize the cash to spend on an Amazon, some on Flipkart or some on Snapdeal. Unlike so many ecommerce websites that let you gain discounts for possessing a debit card or points of a particular finance provider, Loan Singh’s personal loan can be utilized to be spent on the website you want and on the product you want to spend on.

Personal Loan Benefits in India

Loan Singh’s hassle-free process and quick approval personal loans are perfect for salaried individuals like you who are too busy to even get a rest. The attractive EMIs and interest rates at Loan Singh, make personal loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances. Your dreams are our dreams. We help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.

Loan Singh’s emi calculator will help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. A personal loan can be availed between Rs. 50,000 and Rs. 10 Lakhs.

Another huge benefit you have with a Loan Singh online personal loan is that you have the freedom to choose where you want to spend your loan amount on. You can apply for a shopping loan and utilize the cash to spend on an Amazon, some on Flipkart or some on Snapdeal. Unlike so many ecommerce websites that let you gain discounts for possessing a debit card or points of a particular finance provider, Loan Singh’s personal loan can be utilized to be spent on the website you want and on the product you want to spend on.

Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as: